#CryptoComeback

On May 8, Bitcoin surpassed the $100,000 mark. The main driver of the growth is the activity of institutional investors who are increasing their investments through ETFs. According to Farside Investors, on May 7, the net inflow into spot funds amounted to $142.3 million.

The leader was the ARK 21Shares Bitcoin ETF (ARKB) with $54 million. It is followed by Fidelity ($39 million) and BlackRock ($37 million). The latter, according to Arkham Intelligence, purchased 86 BTC for $8.4 million in a single transaction.